What is the SCSS interest rate?

The Senior Citizen Savings Scheme rate is 8.2% per annum for the April-June 2026 quarter, one of the safest high-yield options for retirees. Interest is paid quarterly.

Who can invest in SCSS?

SCSS is open to Indian residents aged 60 and above. Those aged 55 to 60 who have retired under a voluntary or superannuation scheme can also invest, subject to conditions.

How much can I deposit in SCSS?

The maximum deposit is Rs 30 lakh per individual, across all SCSS accounts. The minimum is Rs 1,000. The deposit qualifies for Section 80C deduction.

Is SCSS interest taxable?

Yes. SCSS interest is fully taxable at your income slab rate. TDS is deducted if the total interest exceeds Rs 50,000 in a financial year for senior citizens.

Senior Citizen Savings Scheme Calculator

Calculate the quarterly income and maturity value of the Senior Citizen Savings Scheme. Enter your deposit to see your guaranteed quarterly payout.

Deposit Amount

₹

₹1,000₹30,00,000

Fifteen Lakh Rupees

SCSS allows a maximum deposit of Rs 30 lakh per person.

Interest Rate

7%9.5%

The current SCSS interest rate is 8.2% per annum, paid quarterly.

Quarterly Interest Payout

₹30,750

Total Interest (5 yrs)

₹6.15 L

Maturity Value

₹21.15 L

Interest received + principal

Monthly Equivalent

₹10,250

Quarterly payout / 3

Principal Returned

₹15.00 L

At end of 5 years

SCSS is for individuals aged 60 and above (55+ for some retirees). The 5-year tenure can be extended by 3 years. Interest is taxable and qualifies for TDS. The deposit qualifies for Section 80C.

Senior Citizen Savings Scheme Calculator

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